RM has analyzed JPMorgan’s enterprise-wide strategies to secure its “competitive edge” against rival banks, non-financial firms, and fintech startups. The bank has reportedly earmarked $10.8 billion for technology spending in 2018, $5 billion of which will go towards fintech investments. According to PR ResearchAndMarkets.com (RM), a study into JPMorgan’s digital …
Read More »Block-chain could be a major boost to Amazon, Microsoft says Bank of America
Rangan emphasized, however, that while many potential use cases for blockchain have been widely recognized, “full products/services have not yet been built out and are not used in production,” leaving the technology’s capacity to generate real-world capital still unproven. While BoA’s analysts refrained from putting “a time stamp” on …
Read More »JD.com Initiates Institute for Creating ‘Smart Cities’ With Blockchain and AI
A Chinese conglomerate with operations in insurance, banking, and financial services and one of the world’s largest insurance company groups, Ping An Insurance, released a “White Paper on Smart Cities,” which aims to “help the government to create a new model of ‘city as a service’ governance.” JD.com has applied blockchain technology …
Read More »Bitcoin Cross Border Settlement is used by Google-Backed Fintech Startup
The service, which does not require either counterparty to hold bitcoin directly, has quadrupled its revenue in the past year. Also participating in the funding round were GV (previously known as Google Ventures), Kleiner Perkins, Pantera Capital, Silicon Valley Bank, and Trend Forward Capital. Veem, a cross-border payments platform that …
Read More »Giant Baidu in China Releases a ‘Super Chain’ White Paper
According to White Paper Baidu’s Super Chain is more efficient than a traditional blockchain in that performs with a higher degree of hardware utilization. Per Baidu, Super Chain nodes “use multi-core parallel computing to maximize CPU utilization and increase throughput.” The white paper states that Baidu will focus on applying …
Read More »In New ASIC Chip a Bitmain attempts to Gain Investors’ Trust
The Bitmain’s investors are looking to drag the entire group along with Bitmain to the court. It seems that they manipulated and even omitted financial information presumably with regards to the company profits. Bitmain has found a way to turn up the heat after the news that Bitmain’s earning over …
Read More »COINSQUARE SUBSIDIARY LAUNCHES TWO ETFS ON THE TORONTO STOCK EXCHANGE
Coincapital, which is registered with the Ontario Securities Commission, has become Canada’s newest ETF provider following the introduction of the LDGR and the STOXX B.R.AI.N. Index Fund (THNK), the company’s first ETFs. Coin Capital Investment Management Inc. (Coincapital), the portfolio management division of the Coin square digital asset trading platform, …
Read More »New York University Introduces a Major in Blockchain Technology
According to associate professor Kathleen Derose, the educational establishment is expecting large companies to partner in the training program, while “the startups in [fintech] will likely invent the new cool stuff.” Following the increasing number of students interested in the new offer, NYU reportedly doubled its course offerings this school …
Read More »Japanese cryptocurrency Exchange Zaif hacked, losses $59 Million
Japanese cryptocurrency Exchange Zaif reported today that it lost $60 million worth of company and client assets amid a security breach that occurred a week ago. The organization said it found the hack on Monday, September 17, and affirmed it a day later, when it contacted authorities and detailed the …
Read More »Major Crypto Companies Form DC Lobbying Group
The Blockchain Association is comprised of industry leaders such as crypto exchange Coinbase, technology startup Protocol Labs, as well as the Digital Currency Group and Polychain Capital. The lobbying organization will reportedly be located in Washington, representing entrepreneurs and investors who are engaged in blockchain-powered projects. On 11th September the …
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